| Today's Economy
U.K. Q4 Growth Revised Up, but Outlook Is Gloomy Growth is unbalanced, and the momentum is unlikely to be sustained in 2017. U.S. Home Sales Off to a Good Start This Year Higher mortgage rates and low inventory will cut into sales over the next few months. China’s Housing Market Shows Signs of Moderation Nationwide, house prices rose 12.8% y/y in January. Economic Briefing: China’s House Prices Slow to a Simmer House price growth remains strong but has decelerated for two straight months. » VIEW MORE TODAY'S ECONOMY
Commentary
Mexico's Inflation Rooted in Monetary Policy Currency depreciation and fuel price increases are not the real causes. U.S. Chartbook: Economy Gaining Momentum Manufacturing continues to rebound as inflation approaches the Fed’s target. Canada Housing Market Outlook: A Farewell to Easy Lending New mortgage rules will lead to significantly slower house price growth over the next three years. U.S. Consumer Outlook: A Dip in Confidence Would Be of Little Concern The post-election uptick in confidence measures isn't meaningful. A reversal wouldn't be, either. » VIEW MORE COMMENTARY
Today's Economic Indicators
Hong Kong
GDP
2016Q4: 1.2%
Hong Kong's economy grew 1.2% seasonally adjusted in the fourth quarter, up from an upwardly revised 0.8% in the third. Italy
Consumer Price Index
Jan. 2017: 1.0%
Italy’s annual EU-harmonized inflation rose 1% in January, following a 0.5% increase in the previous month. Euro Zone
Consumer Price Index
Jan. 2017: 1.8%
The euro zone's annual harmonized inflation accelerated to 1.8% in January, in line with the preliminary estimates, from 1.1% in the previous month. United States
MBA Mortgage Applications Survey
February 17: -2.0%
Mortgage applications continued their decline last week as longer-term rates inched upward. Russian Federation
Retail Sales
Jan. 2017: -2.3%
Russian retail trade disappointed again in January, declining by 2.3% year over year. Russian Federation
Unemployment
Jan. 2017: 5.6%
January's not seasonally adjusted unemployment rate in Russia was up 0.3 point from December, as the count of those officially registered as unemployed increased by 2,000 people. Canada
Retail Trade
Dec. 2016: -0.5%
Retail sales decreased for the first time in five months, falling 0.5% in December. Mexico
Economic Activity Index
Dec. 2016: 2.1%
Economic activity underperformed at the end of the year. Mexico
GDP
2016Q4: 2.4%
Mexico’s economy advanced at the end of last year, although at a more moderate rate. United Kingdom
GDP Expenditure Breakdown
2016Q4: 0.7%
The U.K. economy expanded by 0.7% q/q in the fourth quarter, up from a preliminary estimate of 0.6% and from a 0.6% rise in the third quarter. United States
Existing-Home Sales
Jan. 2017: 5.69 mil
Total existing-home sales rebounded 3.3% in January, more than recovering December’s decline and reached a cycle high. United States
Moody’s Analytics Policy Uncertainty Index
February 17: 67.7
U.S. economic policy uncertainty remains high, but the trend is improving. United States
CreditForecast.com Household Credit Report
Jan. 2017: 3.7%
Total U.S. household borrowing grew 3.73% year-over-year in January from 3.67% in December. United States
FOMC Minutes
Feb. 2017:
The minutes from the Federal Open Market Committee’s January 31-February 1 meeting showed the central bank is gearing up to raise interest rates fairly soon. Brazil
Monetary Policy
Feb. 2017: 12.25%
The Central Bank of Brazil maintains the pace of monetary relaxation as inflation falls more quickly. United States
SEMI Book-to-Bill Ratio
Jan. 2017:
South Korea
Monetary Policy
Feb. 2017:
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